Business - Page 564

Capital Inflow Crashes By 80% As Foreign Investors Shun Nigerian Market

Capital inflow to Nigeria, according to the Central Bank of Nigeria (CBN’s) report, has crashed by 80 per cent in two years. Specifically, capital inflow to Nigeria fell from $17.1bn in July

PBA Reporter

3 years ago

Business

FairMoney MFB Disburses Over N71 Billion In Loans In 2021

Nigeria’s leading digital bank, FairMoney Microfinance Bank, held its investor’s conference recently at the Federal Palace Hotel, Lagos, Nigeria. The event brought together fund managers, HNI’s, investors, fintech aggregators and Pension Fund

PBA Reporter

3 years ago

Business

Ikeja Electric Invests Over N200M On Safety Equipment In 12 Months

Ikeja Electric Plc (IE), Nigeria’s largest electricity Distribution Company, invested more than 200 million naira on safety equipment in the last one year. Similarly, the DisCo has cautioned members of the public

PBA Reporter

3 years ago

Business

JUST IN: Flour Mills Buys Honeywell For N80bn

A diversified Nigerian agribusiness company, Flour Mills of Nigeria (FMN) announced it had signed an agreement to acquire 71.69 per cent stake in Honeywell Group’s portfolio company, Honeywell Flour Mills Plc (HFMP),

PBA Reporter

3 years ago

CAC Grants Extension For Annual Return Filing Deadline To April

Business

CAC projects to take N24.5bn from registration fees, others

The Corporate Affairs Commission (CAC) has disclosed that it projects to rake in N24.5bn as internally generated revenue in the 2022 fiscal year. The figure was contained in its 2022 budget proposal

PBA Reporter

3 years ago

Business

Net Foreign Exchange Inflow Falls 31% To $21.8bn – CBN

Net foreign exchange inflow into the economy declined by 31 per cent, year-on-year, to $21.81 billion in the seven months to July 2021, from $31.57 billion in the corresponding period of 2020.

PBA Reporter

3 years ago

Business

Lagos Attracts 80% Of Investments Coming To Nigeria – Sanwo-Olu

The Lagos State Governor, Babajide Sanwo-Olu, has disclosed that the state attracts about 80 per cent of investment that comes to Nigeria. Sanwo-Olu made this known over the weekend while delivering a

PBA Reporter

3 years ago

AMA News·Business

‘Pressure Points In Africa-China Relations’, PBA Policy Briefing Series Begins

ANAMBRA STATE, Nigeria, November 19, 2021 -/African Media Agency(AMA)/-For the Prime Business Africa Policy Briefing Series, member of the Editorial Board, Ambassador Ejeviome Eloho Otobo, writes on Pressure points in China-Africa relations

Prime Business Africa

3 years ago

Nigeria Accounts For 35% Of Foreign Airlines’ Trapped Funds Globally

Business

Again, Emirates Airline Extends Flights Suspension Till Nov 30

Emirates Airline has again announced the suspension of its resumption of flight operations between the UAE and Nigeria to November 30.

PBA Reporter

3 years ago

Fidelity Bank In Need Of Money, Reveals Amount Company Needs To Run Operation

Business

Fidelity Bank’s Nine Month Profit Increases By 31.4%

Fidelity Bank Plc recorded a 31.4 per cent increase in its profit before tax for the nine months ended September 30, 2021. The bank said its pretax profit rose to N28.1bn in

PBA Reporter

3 years ago

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Business - Page 564

Capital Inflow Crashes By 80% As Foreign Investors Shun Nigerian Market

FairMoney MFB Disburses Over N71 Billion In Loans In 2021

Ikeja Electric Invests Over N200M On Safety Equipment In 12 Months

JUST IN: Flour Mills Buys Honeywell For N80bn

CAC projects to take N24.5bn from registration fees, others

Net Foreign Exchange Inflow Falls 31% To $21.8bn – CBN

Lagos Attracts 80% Of Investments Coming To Nigeria – Sanwo-Olu

‘Pressure Points In Africa-China Relations’, PBA Policy Briefing Series Begins

Again, Emirates Airline Extends Flights Suspension Till Nov 30

Fidelity Bank’s Nine Month Profit Increases By 31.4%

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